HubSpot Inc. (HUBS) Research Coverage Started at DA Davidson
HUBS has been the topic of several other reports. Vetr downgraded HubSpot from a strong-buy rating to a buy rating and set a $61.00 price objective on the stock. in a research report on Monday, August 8th. Zacks Investment Research upgraded HubSpot from a hold rating to a buy rating and set a $65.00 price objective on the stock in a research report on Tuesday, August 9th. RBC Capital Markets restated an outperform rating and issued a $70.00 price objective (up from $62.00) on shares of HubSpot in a research report on Sunday, October 2nd. Goldman Sachs Group Inc. began coverage on HubSpot in a research report on Tuesday. They issued a neutral rating and a $57.00 price objective on the stock. Finally, Royal Bank Of Canada boosted their price objective on HubSpot from $62.00 to $70.00 and gave the company an outperform rating in a research report on Friday, September 30th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $63.41.
HubSpot (NYSE:HUBS) traded up 0.43% during trading on Tuesday, reaching $58.25. The company had a trading volume of 14,507 shares. HubSpot has a one year low of $27.00 and a one year high of $60.11. The company’s market capitalization is $2.06 billion. The firm’s 50 day moving average is $56.29 and its 200 day moving average is $49.81.
HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.08. HubSpot had a negative return on equity of 36.88% and a negative net margin of 20.03%. The business earned $65 million during the quarter, compared to analyst estimates of $61.67 million. During the same quarter in the previous year, the company posted ($0.17) earnings per share. HubSpot’s revenue for the quarter was up 51.4% on a year-over-year basis. On average, equities research analysts predict that HubSpot will post ($0.53) earnings per share for the current year.
In related news, CEO Brian Halligan sold 20,000 shares of the stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $57.16, for a total value of $1,143,200.00. Following the transaction, the chief executive officer now owns 784,154 shares of the company’s stock, valued at $44,822,242.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Hunter Madeley sold 800 shares of the stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $57.45, for a total value of $45,960.00. Following the completion of the transaction, the insider now directly owns 110,296 shares in the company, valued at approximately $6,336,505.20. The disclosure for this sale can be found here. Insiders own 18.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in HUBS. BNP Paribas Arbitrage SA boosted its position in shares of HubSpot by 100.3% in the third quarter. BNP Paribas Arbitrage SA now owns 2,638 shares of the company’s stock valued at $152,000 after buying an additional 1,321 shares during the period. BlackRock Inc. boosted its position in shares of HubSpot by 150.5% in the second quarter. BlackRock Inc. now owns 2,981 shares of the company’s stock valued at $129,000 after buying an additional 1,791 shares during the period. Teacher Retirement System of Texas boosted its position in shares of HubSpot by 67.7% in the second quarter. Teacher Retirement System of Texas now owns 3,146 shares of the company’s stock valued at $137,000 after buying an additional 1,270 shares during the period. Glenmede Trust Co. NA purchased a new position in shares of HubSpot during the second quarter valued at about $188,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of HubSpot during the second quarter valued at about $200,000. 88.33% of the stock is currently owned by institutional investors.
HubSpot Company Profile
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications, which include social media, search engine optimization (SEO), blogging, Website content management, marketing automation, e-mail, customer relationship management (CRM), analytics and reporting.
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